Growth in gas production is set to spur downstream petrochemicals industries particularly fertiliser and methanol but BMI's latest Nigeria Petrochemicals report warns that the business environment remains uncertain and will no doubt be affected by the turbulence that comes with presidential elections which are due in February 2015.

In 2014 Nigeria had olefins production capacities of 550000 tonnes per annum (tpa) ethylene and 125000tpa propylene with thermoplastic resins capacities of 240000tpa linear low-density polyethylene (LLDPE) and 95000tpa polypropylene (PP). Nigeria's petrochemicals sector is characterised by low capacity utilisation frequently disrupted plant operations and a lack of proper resources to operate and maintain facilities.

The government is attempting to attract foreign direct investment (FDI) into the country's petrochemicals sector. However a lack of skilled labour political and social unrest and sabotage of upstream infrastructure could delay projects planned in the coming years.

Full Report Details at
 - http://www.fastmr.com/prod/944761_nigeria_petrochemicals_report_2015.aspx?afid=101

 *  According to current planned projects by 2019 Nigeria will see an additional 5.6mn tpa of urea and 1.74mn tpa of ammonia. This will transform the country into a significant net exporter of fertiliser.
 *  Methanol is also set to grow with total additional capacity of 3.6mn tpa over the next five years although BMI cautions that some of this capacity may not materialise or could be delayed.
 *  Basic polymers appear to be getting less attention by investors with only 600000tpa of polypropylene (PP) scheduled to come into operation in 2018. A low density polyethylene (LDPE) plant is also planned but its capacity is unknown.
 *  Nigeria comes in at 11th place in BMI's Risk/Reward Index (RRI) for the Middle East and Africa with 37.2 points up 0.6 points from 2014 due to moves to boost indigenous capacities. It lies 2.0 points ahead of Algeria and 7.5 points behind Egypt. Its score could rise if all plans come on stream as expected but bearing in mind...

The Nigeria Petrochemicals Report has been researched at source and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services sales market share investments projects partners and expansion strategies.

BMI's Nigeria Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Nigerian petrochemicals industry.

Key Benefits

 * Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Nigerian petrochemicals market.
 * Target business opportunities and risks in the Nigerian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Nigeria.
 * Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts views and trend analysis covering petrochemicals markets regulatory changes major investments projects and company developments.

Market Overview

Structure size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Business Environment Rankings

BMI's Petrochemicals Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (both corporate and financial) in the regional petrochemicals market.

The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Industry Trends & Developments

Evaluation of company and sector-wide developments including key projects (as well as expansion plans) latest company financial details and proposed international ventures.

BMI Industry Forecasts

Historic data series (2009-2012) and forecasts to end-2018 for all key industry and economic indicators supported by explicit assumptions plus analysis of key risks to the main forecasts. Indicators include:

Energy: Oil production (`000 b/d) oil consumption (`000 b/d) net oil exports (`000 b/d) gas production (bcm) gas consumption (bcm) net gas exports (bcm) oil refinery capacity (`000 b/d).

Petrochemicals: Ethylene capacity (`000 tpa) ethylene production (`000 tpa) ethylene consumption (`000 tpa) polyethylene capacity (`000 tpa) polypropylene capacity (`000 tpa) polyvinyl chloride capacity (`000 tpa) polyolefins consumption (`000 tpa).

Oil Products Prices: Price forecasts for all major oil-based products (US$/bbl) at major global energy trading hubs.

Economic: Nominal GDP (US$bn) real GDP growth (%) GDP per capita (US$) population (mn) unemployment (%) exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.

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